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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (21105)	6/30/1998 2:17:00 PM
From: James F. Hopkins	Respond to of 94695

I haven't looked hard enough to have much of an opinion on them, just looked at the sextor and two big sell offs, that seems to spell more to come. SPLS looks over valued , ODP gave a 44% premium to get VKNG. You never know about what takes place out of sight, the same big investors may own both companies and put pressure on ODP so as to boost their holdings value in VKHG, so they can sell into that rally, which lightens them up. They seemed joined at the hip now, and the reality may not fully hit the ODP share holders until August. Even then they may juice the books, who knows. Personally I think $27 is to much for ODP. Haven't looked at puts but would look at SPLS first. ------------------ I think if AOL can hit 109 - 110 I'll look at puts, they get such a premium for them suckers you got to be careful. Yhoo is looking high too , as is xcit. wait for the grope to start down and pick off the straggler. Based on a percentage divergence, some funds own all of them, with the rotation, they sell the high ones to buy the cheap ones, got to catch them in a strong divergence, puts on the high one, calls on the low one. Sextor I want to start tracking is ^RLX ..wmt dh hd fd dds anf lmt and a fund that has them all FSRPX, retail is over bought but that don't mean it wont get more over bought, catch the sector after it starts down and pick off the stragglers, when it goes up go long the stragglers ( unless there is specific news ). Jim